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KBLB has warned multiple times about the upcoming rainy season starting in August in many of its recent PRs:
"the August weather cycle, which typically sees a reduction in traditional silk production due to heavy rains and suboptimal rearing conditions"
"the upcoming rainy seasons"
"the rainy season when silk production is traditionally reduced"
"the typical slowdowns due to rain"
I never claimed it was getting to either. I simply asked the questions....
And it did get to .105 on Wednesday, and then .1001 yesterday. So my intuition was correct (once again).
Whatever happened to the ridiculous claims of $1 by the end of June?
8 cents by next Friday?
<< Selloff? >>
Yes, SELLOFF!
A month ago, the share price hit a high of 15.75 cents. It is now at around 11 cents.
That is a 43% drop (aka massive SELLOFF)!
<< Green today? >>
I wouldn't get too excited, since it was obviously manipulation.
465K SHARES SOLD
116K shares bought
And to top it off, a 1 share paint job at the very end of the day.
This POS stock has been on a big selloff for over a month.
Week ending 5 Jul: 1.3 million buys, 2.7 MILLION SELLS
Week ending 12 Jul: 650K buys, 943K SELLS
Week ending 19 Jul: 708K buys, 2.5 MILLION SELLS
Week ending 26 Jul (so far): 665K buys, 943K SELLS
Remember, those that are pumping this stock are probably the ones that are dumping their shares....
We have been told over and over again that the company PRs are the ONLY way to know the real "truth" about KBLB.
OK, well, let's take a look at that so-called "truth" from some of KBLB's PRs over the years:
- How about the PR that (falsely) stated that they were going to make their 1st delivery around Oct 16, 2022?
"Jul 18, 2022 - The contractor is in possession of the Company’s specialized eggs and anticipates a 90-day ramp-up for the first deliveries under the contract."
https://www.kraiglabs.com/kraig-biocraft-laboratories-enters-next-phase-of-business-plan-signs-deal-with-contract-manufacturer-to-produce-metric-tons-of-recombinant-spider-silk/
"Feb 10, 2022 - In the coming weeks, the Company expects to be ready to formally launch the Spydasilk website and brand."
https://www.kraiglabs.com/kraig-biocraft-laboratories-delivers-dragon-silk-to-spydasilk-enterprises/
"Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk"
https://www.kraiglabs.com/kraig-biocraft-laboratories-launches-commercial-production-of-monster-silktm/
"May 13, 2019 - Kraig Biocraft Laboratories To Be Featured In Upcoming Documentary Series On Combating Terrorism"
https://www.kraiglabs.com/kraig-biocraft-laboratories-to-be-featured-in-upcoming-documentary-series-on-combating-terrorism/
"Sep 25, 2019 - Over the last two weeks the Company announced the selections of three new independent directors scheduled to join the Company’s board during the fourth quarter, including Mr. Anurag Gupta, Ms. Julie Bishop, and Mr. Greg Scheessele."
https://www.kraiglabs.com/kraig-biocraft-laboratories-completes-selection-of-independent-directors-for-its-board-of-directors/
"Dec 17, 2019 - Kraig Biocraft Laboratories Readies For First Commercial Shipment Of Recombinant Spider Silk And Accelerated Growth In Production"
https://www.kraiglabs.com/kraig-biocraft-laboratories-readies-for-first-commercial-shipment-of-recombinant-spider-silk-and-accelerated-growth-in-production/
"Oct 28, 2019 - The Company expects that its factory will have capacity to produce more than 8 metric tons of its specialized silk in 2020, with a total capacity of roughly 40 metric tons per year, once fully utilized."
https://www.kraiglabs.com/kraig-biocraft-laboratories-spider-silk-facility-to-break-corporate-production-capacity-records-within-first-months-of-operation/
"Nov 23, 2020 - "Upon commencement, and as consideration for the exclusive sales agreement, MK will issue to KBLB a prepayment of $250,000 to be credited to the first shipment of spidersilk thread.”
https://www.sec.gov/Archives/edgar/data/1413119/000149315221001811/ex10-1.htm
"Jan 26, 2021 - "Under the terms of this agreement, Kraig Labs granted the joint venture and the SpydaSilk brand an exclusive geographic license to all Kraig Lab technologies for the ASEAN region, in exchange for a 4 year firm commitment to purchase up to $32 million, with an additional projected purchase of $8 million, of Kraig Labs’ raw recombinant spider silk, with an initial payment of $250,000."
https://www.kraiglabs.com/kraig-biocraft-laboratories-and-mthemovement-by-kings-group-sign-exclusive-purchase-and-sales-agreement-for-up-to-potentially-40-million/
"April 06, 2020 - Kraig Biocraft Laboratories CEO To Present At Synbio Markets 2020"
https://www.kraiglabs.com/kraig-biocraft-laboratories-ceo-to-present-at-synbio-markets-2020/
8 cents by Friday?????
9 cents anyone????
*****UPDATED: KBLB - FAILURE AFTER FAILURE (OR SCAM AFTER SCAM????)*****
NEW: 2024: GSS - FAILED
2023: Air Force Contract is a Slam Dunk - FAILED
2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
2021: "The Company ... has now produced enough silk to create a number of different fabric blends." - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
9 cents by Friday close?
<< Kim making mistake after mistake, or making poor time estimates is not a reason for lost credibility. Credibility is lost when you have a proven lie, not when you are wrong. >>
That is pure BS.
If someone makes mistakes for 15+ years, then they are not credible at all.
In addition, they are most probably lying.
<< It was expected that the Air Force would announce the next steps for making spidersilk in the USA by July this year. >>
No, it wasn't expected.
10 cents by the end of the week?
KBLB has been (supposedly) "ramping up" for about a decade and a half, and they still don't have a commercial product.
Here are just a few of the MANY, MANY examples of their (supposed) “ramping up”....
"Nov 14, 2011 - The Company is already ramping up production of Monster Silk"
https://www.kraiglabs.com/kraig-biocraft-laboratories-announces-creation-of-seven-new-strains-of-transgenic-silkworms-using-zinc-finger-nuclease-technology/
"April 2, 2012 - The new laboratory’s near-term priorities include housing the Company’s expanding technical textiles research and development program and accelerating the ramp up of its monster silk product toward industrial scale production."
https://www.kraiglabs.com/kraig-biocraft-laboratories-announces-new-laboratory-opening-during-shareholder-conference-call/
"May 29, 2014 - By March, after launching the commercial production ramp up program, the yields increased to approximately 70%; more than double the output efficiency from the pilot phase."
https://www.kraiglabs.com/kblbs-spider-silk-production-poised-to-double/
This morning's PR is just more of the same BS that has been coming from KBLB for the past 15+ years.
More (supposed) expanding, increasing, doubling, blah, blah, blah....
Wash, rinse, repeat....
***KBLB ADMITS THEY HAVE NOT DEMONSTRATED "COMMERCIAL VIABILITY"***
These are KBLB's own words from the most recent 424B3 (from 10 Jun 2024):
"Our business is based on scientific research which has not demonstrated commercial viability and makes our business highly risky.
We are engaging in research and development of new recombinant silk fibers. Due to the speculative nature of this scientific research, our chances of success are uncertain and we cannot guarantee that we will succeed in developing new fibers that deliver performance results to meet customer requirements or obtain commercial acceptance. An investment in us, therefore, is highly speculative and risky."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315222015052/forms-1a.htm
<< Nothing new on a Saturday? >>
First off, I never mentioned this Saturday or any other Saturday. That is your weak attempt at deflection.
Second, there hasn't been anything new from KBLB over 15+ years. There is a new hybrid every year or three, there is a new location every year or three, there are new hires every year or three, there are new "partners" every year or three, there is ramping and doubling all of the time, there are constant promises of commercial production "soon", ad infinitum. It's an ugly pig with new lipstick.
Wash, rinse, repeat....
<< we are getting close .. >>
Yes, close to another devastating disappointment....
We have been told over and over again that the company PRs are the ONLY way to know the real "truth" about KBLB.
OK, well, let's take a look at that so-called "truth" from some of KBLB's PRs over the years:
- How about the PR that (falsely) stated that they were going to make their 1st delivery around Oct 16, 2022?
"Jul 18, 2022 - The contractor is in possession of the Company’s specialized eggs and anticipates a 90-day ramp-up for the first deliveries under the contract."
https://www.kraiglabs.com/kraig-biocraft-laboratories-enters-next-phase-of-business-plan-signs-deal-with-contract-manufacturer-to-produce-metric-tons-of-recombinant-spider-silk/
"Feb 10, 2022 - In the coming weeks, the Company expects to be ready to formally launch the Spydasilk website and brand."
https://www.kraiglabs.com/kraig-biocraft-laboratories-delivers-dragon-silk-to-spydasilk-enterprises/
"Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk"
https://www.kraiglabs.com/kraig-biocraft-laboratories-launches-commercial-production-of-monster-silktm/
"May 13, 2019 - Kraig Biocraft Laboratories To Be Featured In Upcoming Documentary Series On Combating Terrorism"
https://www.kraiglabs.com/kraig-biocraft-laboratories-to-be-featured-in-upcoming-documentary-series-on-combating-terrorism/
"Sep 25, 2019 - Over the last two weeks the Company announced the selections of three new independent directors scheduled to join the Company’s board during the fourth quarter, including Mr. Anurag Gupta, Ms. Julie Bishop, and Mr. Greg Scheessele."
https://www.kraiglabs.com/kraig-biocraft-laboratories-completes-selection-of-independent-directors-for-its-board-of-directors/
"Dec 17, 2019 - Kraig Biocraft Laboratories Readies For First Commercial Shipment Of Recombinant Spider Silk And Accelerated Growth In Production"
https://www.kraiglabs.com/kraig-biocraft-laboratories-readies-for-first-commercial-shipment-of-recombinant-spider-silk-and-accelerated-growth-in-production/
"Oct 28, 2019 - The Company expects that its factory will have capacity to produce more than 8 metric tons of its specialized silk in 2020, with a total capacity of roughly 40 metric tons per year, once fully utilized."
https://www.kraiglabs.com/kraig-biocraft-laboratories-spider-silk-facility-to-break-corporate-production-capacity-records-within-first-months-of-operation/
"Nov 23, 2020 - "Upon commencement, and as consideration for the exclusive sales agreement, MK will issue to KBLB a prepayment of $250,000 to be credited to the first shipment of spidersilk thread.”
https://www.sec.gov/Archives/edgar/data/1413119/000149315221001811/ex10-1.htm
"Jan 26, 2021 - "Under the terms of this agreement, Kraig Labs granted the joint venture and the SpydaSilk brand an exclusive geographic license to all Kraig Lab technologies for the ASEAN region, in exchange for a 4 year firm commitment to purchase up to $32 million, with an additional projected purchase of $8 million, of Kraig Labs’ raw recombinant spider silk, with an initial payment of $250,000."
https://www.kraiglabs.com/kraig-biocraft-laboratories-and-mthemovement-by-kings-group-sign-exclusive-purchase-and-sales-agreement-for-up-to-potentially-40-million/
"April 06, 2020 - Kraig Biocraft Laboratories CEO To Present At Synbio Markets 2020"
https://www.kraiglabs.com/kraig-biocraft-laboratories-ceo-to-present-at-synbio-markets-2020/
It looks like you came back to your senses....
LOL
<< Why are no shares of KBLB not trading today? >>
It's trading now.
DOWN 14%
<< The list of announcements you provided shows KBLB’s consistent progress >>
WRONG AGAIN!
It actually shows KBLB's consistent lies over the past 10+ years.
<< The 424B3 filing is a mandatory risk disclosure >>
That is total BS.
It is an update to the S-1 that they filed back in Feb 2022 and contains "substantive" information that wasn't disclosed in previous updates.
***KBLB ADMITS THEY HAVE NOT DEMONSTRATED "COMMERCIAL VIABILITY"***
These are KBLB's own words from the most recent 424B3 (from 10 Jun 2024):
"Our business is based on scientific research which has not demonstrated commercial viability and makes our business highly risky.
We are engaging in research and development of new recombinant silk fibers. Due to the speculative nature of this scientific research, our chances of success are uncertain and we cannot guarantee that we will succeed in developing new fibers that deliver performance results to meet customer requirements or obtain commercial acceptance. An investment in us, therefore, is highly speculative and risky."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315222015052/forms-1a.htm
***** HISTORY OF KBLB (FALSELY) CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has been (falsely) claiming that they have been in production for over 10 years. In reality, they haven't produced more than a dozen kilos of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past decade that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
DON'T BUY THE HYPE, OR THE SNAKE OIL
We have been told over and over again that the company PRs are the ONLY way to know the real "truth" about KBLB.
OK, well, let's take a look at that so-called "truth" from some of KBLB's PRs over the years:
- How about the PR that (falsely) stated that they were going to make their 1st delivery around Oct 16, 2022?
"Jul 18, 2022 - The contractor is in possession of the Company’s specialized eggs and anticipates a 90-day ramp-up for the first deliveries under the contract."
https://www.kraiglabs.com/kraig-biocraft-laboratories-enters-next-phase-of-business-plan-signs-deal-with-contract-manufacturer-to-produce-metric-tons-of-recombinant-spider-silk/
"Feb 10, 2022 - In the coming weeks, the Company expects to be ready to formally launch the Spydasilk website and brand."
https://www.kraiglabs.com/kraig-biocraft-laboratories-delivers-dragon-silk-to-spydasilk-enterprises/
"Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk"
https://www.kraiglabs.com/kraig-biocraft-laboratories-launches-commercial-production-of-monster-silktm/
"May 13, 2019 - Kraig Biocraft Laboratories To Be Featured In Upcoming Documentary Series On Combating Terrorism"
https://www.kraiglabs.com/kraig-biocraft-laboratories-to-be-featured-in-upcoming-documentary-series-on-combating-terrorism/
"Sep 25, 2019 - Over the last two weeks the Company announced the selections of three new independent directors scheduled to join the Company’s board during the fourth quarter, including Mr. Anurag Gupta, Ms. Julie Bishop, and Mr. Greg Scheessele."
https://www.kraiglabs.com/kraig-biocraft-laboratories-completes-selection-of-independent-directors-for-its-board-of-directors/
"Dec 17, 2019 - Kraig Biocraft Laboratories Readies For First Commercial Shipment Of Recombinant Spider Silk And Accelerated Growth In Production"
https://www.kraiglabs.com/kraig-biocraft-laboratories-readies-for-first-commercial-shipment-of-recombinant-spider-silk-and-accelerated-growth-in-production/
"Oct 28, 2019 - The Company expects that its factory will have capacity to produce more than 8 metric tons of its specialized silk in 2020, with a total capacity of roughly 40 metric tons per year, once fully utilized."
https://www.kraiglabs.com/kraig-biocraft-laboratories-spider-silk-facility-to-break-corporate-production-capacity-records-within-first-months-of-operation/
"Nov 23, 2020 - "Upon commencement, and as consideration for the exclusive sales agreement, MK will issue to KBLB a prepayment of $250,000 to be credited to the first shipment of spidersilk thread.”
https://www.sec.gov/Archives/edgar/data/1413119/000149315221001811/ex10-1.htm
"Jan 26, 2021 - "Under the terms of this agreement, Kraig Labs granted the joint venture and the SpydaSilk brand an exclusive geographic license to all Kraig Lab technologies for the ASEAN region, in exchange for a 4 year firm commitment to purchase up to $32 million, with an additional projected purchase of $8 million, of Kraig Labs’ raw recombinant spider silk, with an initial payment of $250,000."
https://www.kraiglabs.com/kraig-biocraft-laboratories-and-mthemovement-by-kings-group-sign-exclusive-purchase-and-sales-agreement-for-up-to-potentially-40-million/
"April 06, 2020 - Kraig Biocraft Laboratories CEO To Present At Synbio Markets 2020"
https://www.kraiglabs.com/kraig-biocraft-laboratories-ceo-to-present-at-synbio-markets-2020/
<< I am checking with Ben to find out the true, real status >>
LOL
What a joke....
Ben doesn't know anything and he just pumps out the same BS time after time....
I don't think that Ben has been correct once in the 10 or so years that he has worked for KBLB.
<< will Kings wait till we get there??!? How could they sign a huge contract for 40M$ USD before KBLB could even supply them with those amounts for the 40M$? That i can not understand. >>
Could it be that the Douchebag CEO lied (just like he has been doing consistently for the past 15+ years)?
The answer is a resounding "YES, OF COURSE!"
*****UPDATED: KBLB - FAILURE AFTER FAILURE (OR SCAM AFTER SCAM????)*****
NEW: 2024: GSS - FAILED
2023: Air Force Contract is a Slam Dunk - FAILED
2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
2021: "The Company ... has now produced enough silk to create a number of different fabric blends." - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
<< do we know if Kim ever gave Wee a date when he would be able to make consistent timely deliveries of X amount of silk? Nothing like that was ever released that I remember. >>
There was an implied delivery schedule given by the contract.
"USD$3,000,000 in the first year [2021].... USD$5,000,000 in the second year [2022] .... USD$12,000,000 in the third year [2023].... , and a commitment of USD$12,000,000 and projected purchase of USD$20,000,000 in the fourth year [2024]"
<< Paint job at the end of the day or just a smart decision? >>
Well, it definitely wasn't a paint job....
<< it looks like KBLB intends to or at least HAS to honor their agreement >>
The Douchebag CEO doesn't HAVE to honor anything. He hasn't honored any agreement in the past 15+ years, why start now?
The contract with Kings / MtheMovement allows either party to get out given a certain number of days.
"The working relationship can be terminated at any time by mutual agreement of the Parties following a consultation period of 120 (one hundred and twenty) calendar days or such period as agreed otherwise between the parties."
Someone dumped 250,000 shares of this crap penny stock.
Anyone remember this oldie but goodie (from Apr 2020)?
For newbies, It shows a prepared scene where the Douchebag CEO is trying to make himself look important by reviewing a document and having “flashes” light up as if it were a press conference. Pathetic.
In the days following, the share price dropped like a rock. LOL.